DVY Fees and Costs — iShares Select Dividend ETF
Data updated: 2026-09-25
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.7M in broker commissions, 0.0081% of average net assets, and portfolio turnover was 23%.
DVY Fees and Expenses
Annual operating expenses and sales charges of DVY. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DVY Costs Over Time
On $10,000 invested in DVY, assuming 5% a year before costs, total costs come to $246 over 5 years, cutting the return by 0.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $246 |
| Value after costs | $10,459 | $11,442 | $12,517 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
DVY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0081%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $26.5M
- Net income from securities lending: $242K (0.001% of average net assets)
DVY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $280K | 21.67% |
| TD SECURITIES (USA) LLC | $233K | 18.06% |
| MORGAN STANLEY & CO. LLC | $139K | 10.73% |
| PIPER SANDLER & CO. | $112K | 8.67% |
| GOLDMAN SACHS & CO. LLC | $111K | 8.59% |
| BARCLAYS CAPITAL, INC. | $97K | 7.48% |
| UBS SECURITIES LLC | $88K | 6.80% |
| INSTINET LLC | $84K | 6.51% |
| OPPENHEIMER & CO. INC. | $74K | 5.76% |
| WELLS FARGO SECURITIES, LLC | $74K | 5.73% |
DVY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK FUNDS III - BlackRock Cash Funds: Treasury | $2.5B | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.